Took the small loss, but saw a turn at resistance, shorted full size, lost big. Reversed to long since it's also at bottom of channel, half sized tho and recouped half. Still down on day, not proud of that bit of trading.

EURUSD only

spike here on UJ but not in EJ, so I'm short but only 5% of my usual lot sizes, I'll stop if I lose a few bucks, I know, not very technical.

EURUSD only

Yea that news gets the color red on FF. but I'd like to see a spike down to 2090, in my dreams, it starts here, pulls back, I short and collect 25 as it breaks out of channel, not likely

EURUSD only

NQ, $5 NQT, $1 in link see "minimum price fluctuation"

Ratios & Harmonics: a Different Way to Trade

It's not $5 & $1 ? url

Ratios & Harmonics: a Different Way to Trade

Also, there's really no reason why it has to spike to the levels, this is a strong channel and it just may channel to the next low reference point, but as I type, the 1hour is bullishly engulfing prior down bar to the low the this channel. The 4 hr ...

EURUSD only

Here's my guess for today. News will either move it up from this major support level, or will take it down to the confluence of the trend line and the next lower reference point of potential support. I think the longer term longs will be defending ...

EURUSD only

I think we may be mostly men. Only a man would ask, "How can we become emotionless?" Because men really don't like to admit to having any emotions, because, hey, aren't those for girls? So maybe we (men) might attempt to ask, "How can we MANAGE our ...

How to Become Emotionless

I might miss black bars on a dark gray background too

Ratios & Harmonics: a Different Way to Trade

Longs have it harder here in short term, because of the 4hr spike down and channel down, I call that MT or medium term. Longer term still looks up, for me that's daily and that's about as far as I go zooming out. Conflict between them happens and is ...

EURUSD only

I lost yesterday because I traded the same trade I placed the day before, but it wasn't the same circumstances and I took a shortcut from my usual analysis, so that would be a mental problem. I edited my trading plan, gained today.

What makes You lose in the market?

I think maybe some people think that technical analysis only refers to using indicators since they are also called technical indicators. While others who only use price action analysis are also calling PA technical analysis. These 2 groups argue a ...

Can YOU make money as a trader?

OK, I subscribed. : - )

Pivot Trading

Yes, one must realize the sequence of events leading to the mistake, then document them to help analyze the process to understand it. Then review the notes and analysis and then somehow remember the lesson. I'm not so great that I can just move on ...

Your and My Lessons Learned Losing and Gaining in Trading

That is a cognitive bias called risk aversion. Nobel prize winning researcher, Daniel Kahneman is the man in this field. Search for BBC documentary on him, it's on youtube. I have this bias also, it's human nature but can be worked on.

psychological biases affecting trading

I see that also, got caught in them plenty. Not any more tho. ...and one minute reversals during normal hours that fail, but the continuation patterns look ugly, but they are the ones that follow thru, until you get an ugly reversal pattern, after 2 ...

EURUSD only

Me too. I just found this thread also, glad you are getting into it. I'm reviewing it too, I don't have mt4 yet but I think I'll get it soon. I'm keeping an eye on weekly pivot for the first time, so it's definitely giving me additional insight. ...

Pivot Trading

Ok, I'll go first. I noticed this guy, who I don't know and I haven't communicated with before, but it reminded me of what I would do, post the facts of the trade and stuff. url This is a good example of a trade and they guy actually says that he ...

Your and My Lessons Learned Losing and Gaining in Trading

I feel like I've totally conquered my emotions when I'm ahead in a trade from the entry. At the first pullback against my position, I begin to wonder.

How to Become Emotionless